Overview
Property Taxes in New Orleans: Who Pays? Who Doesn’t? And Why? (October 1996) was BGR’s first comprehensive look at real estate exempt from property taxes in New Orleans. It found that 65% of the assessed value of all real estate in Orleans Parish, about $1.66 billion of $2.5 billion, was exempt from property taxation. Publicly owned property accounted for about $714 million of that total, homestead exemptions for about $448 million, and other privately owned property, such as churches, universities and hospitals, for about $501 million. BGR estimated that without exemptions, local governments would have received an additional $218.7 million in property tax revenue in 1996.
The report also reviewed how exemptions were administered. It found confusion in how exempt properties were classified, unreliable valuations, and instances of improper or questionable exemptions